Stock Track | Blend Labs Soars on Q3 Earnings Beat and Bullish Outlook

Stock Track11-10

Blend Labs, Inc. (NYSE: BLND) saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.

The company reported Q3 2024 revenue of $45.2 million, up 11% year-over-year, surpassing analyst expectations by 7.7%. Notably, Blend Labs achieved profitability for the first time, posting a net income of $3.36 million and a profit margin of 7.4%. Earnings per share of $0.013 also exceeded analyst estimates.

Blend Labs' management provided an optimistic outlook, forecasting an average annual revenue growth of 19% over the next three years, outpacing the industry average of 12%. This growth projection, coupled with the company's better-than-expected financial performance, boosted investor confidence and drove the stock's surge.

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(NYSE: BLND) saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.\nThe company ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLND","symbol_name":"Blend Labs, Inc.","start_time":0,"source_url":"","article_id":"1169727814","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169727814","pubTimestamp":1731251181,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Blend Labs, Inc.  saw its stock skyrocket by 6.98% on November 8th, 2024, fueled by impressive third-quarter financial results and a bullish outlook for the software company.The company reported Q3 2024 revenue of $45.2 million, up 11% year-over-year, surpassing analyst expectations by 7.7%. 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